Home sales data hints at full-blown recovery

clock

The housing market revival witnessed in recent months may soon become a full-scale recovery, figures obtained by a property survey suggest.

The number of homes sold in the UK has soared to its highest level in three and a half years over the past quarter, the Royal Institute of Chartered Surveyors (RICS) said on Tuesday. Better news for the UK economy - as well as stimulus provided by the Bank of England's Funding for Lending Scheme and the government's Help to Buy policy - saw home sales rose to their highest level since January 2010, RICS said. RICS said its members sold 17.9 homes on average in the three months ending in May, though this figure is still low compared with the 2007 peak. Meanwhile, RICS' seasonally-ad...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on First time buyers

Three fund managers guilty of £7m sovereign wealth fraud

Three fund managers guilty of £7m sovereign wealth fraud

Trio guilty of multi-million dollar fraud linked to Libya

Julia Bahr
clock 21 February 2023 • 2 min read

Help to buy scheme to close this year, Treasury confirms

'Specific purpose successfully achieved'

Carmen Reichman
clock 30 September 2016 • 1 min read

Labour makes first-time buyer stamp duty pledge

Labour would make first-time buyers exempt from stamp duty for purchases under £300,000, Ed Miliband is due to announce.

Jenna Towler
clock 27 April 2015 •